Nielsen (NLSN) announced that Disney Media Networks (DIS) is the latest U.S. programmer to join in the company's Addressable TV beta program. By participating in the program, Disney will be able to test, evaluate and experience Nielsen's addressable TV advertising capabilities and technology first-hand and prepare for its commercial launch. This collaboration is part of Disney's approach to being 'Addressable First' and offering advertisers innovative ad solutions at the audience level. With the addition of Disney, the nine participating programmers in the beta program represent 75% of linear TV impressions in the U.S.

As previously reported, Rosenblatt analyst Kevin Cassidy initiated coverage of Smart Global with a Buy rating and $45 price target. Smart Global is "misunderstood by the market" as memory sub-systems have an increasing importance to overall system performance and are becoming increasing more complex to design, Cassidy argues. In addition, recent acquisitions have opened up revenue exposure to high growth markets such as high performance computing for artificial intelligence and the industrial Internet of Things, according to Cassidy.

ESPN's Adrian Wojnarowski reports via Twitter that the NBA's Board of Governors has voted to approve the league's 22-team format to restart the 2019-2020 season in Orlando. He cites a source that the plan was approved by a 29-1 vote. Disney's ESPN airs NBA games and a Disney property will reportedly be a host site for the NBA's return. Reference Link

Bullish option flow detected in Pinterest with 35,101 calls trading, 1.9x expected, and implied vol increasing over 1 point to 57.19%. 6/5 weekly 21.5 calls and Jun-20 23 calls are the most active options, with total volume in those strikes near 15,200 contracts. The Put/Call Ratio is 0.12. Earnings are expected on July 30th.

Contacted by The Fly, a spokesperson for Third Point confirmed that its new position in Boeing is credit, not equity. Dan Loeb's Third Point Offshore Fund listed Boeing as one of its monthly winners for May, along with Disney (DIS), Burlington Stores (BURL), Charter Communications (CHTR) and TE Connectivity (TEL).

Dan Loeb's Third Point Offshore Fund listed Boeing (BA) as one of its monthly winners for May, along with Disney (DIS), Burlington Stores (BURL), Charter Communications (CHTR) and TE Connectivity (TEL). In its latest quarterly filing representing its holdings as of March 31, Third Point did not disclose a stake in Boeing. With Loeb's hedge fund seemingly taking a new stake in the plane maker, shares of Boeing are up 2% to $156.80 in premarket trading.

AMD (AMD) and technology partner Penguin Computing Inc., a division of SMART Global Holdings (SGH) announced that New York University, Massachusetts Institute of Technology and Rice University are the first universities named to receive complete AMD-powered, high-performance computing systems from the AMD HPC Fund for COVID-19 research. AMD also announced it will contribute a cloud-based system powered by AMD EPYC and AMD Radeon Instinct processors located on-site at Penguin Computing, providing remote supercomputing capabilities for selected researchers around the world. Combined, the donated systems will collectively provide researchers with more than seven petaflops of compute power that can be applied to fight COVID-19.

Florida officials have approved plans for a phased reopening of Walt Disney World (DIS) in Orlando starting on July 11, Reuters reports, citing an a memo from a state agency released on Friday. The state also cleared Sea World Entertainment (SEAS) to reopen on June 10, said Halsey Beshears, secretary of Florida's Department of Business and Professional Regulation, in a memo sent to officials in Orange County, Florida, Reuters adds. Reference Link